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President Hage Geingob has reassured global investors that Namibia is open and safe for business.

The African Development Bank (AfDB) is committing US$2.8 billion over the next five years to support private sector investment in South Africa, the institution’s president said on Thursday.

SA Finance Minister Enoch Godongwana says government hopes to cushion consumers from the spiking oil price, at least temporarily, for the months of April and May.

The Ministry of Home Affairs, Immigration, Safety and Security (MHAISS) and Mobile Telecommunications Limited (MTC) have concluded a connectivity agreement that will see the Ministry benefit in terms of connectivity and various communication solutions.

Namibian Breweries Limited (NBL) says its assessing the possibility of a product price hike, amid a surge in ingredients, energy and transport costs, a position attributed to the Russia, Ukraine conflict.

Namibia’s inflation could reach a high of 10.4% in 2022 if Brent crude prices increase to more than US$140 per barrel due to the Russia-Ukraine conflict and the average Rand exchange rate weakens beyond R15.30 against the US dollar, Simonis Storm has warned.

The country’s beef exports increased by 112.5% in February following a 138.2% increase in cattle marketing by producers to abattoirs, latest data shows.

Young artisan, Ndeenda Mbungu, says the Development Bank of Namibia (DBN) facility for skills-based finance is critical for creating a new generation of entrepreneurs in the country.

The Environmental Investment Fund of Namibia (EIF) has launched the Urban Agriculture Grant e-voucher card issuance and terminal roll-out in Mariental.

TransNamib maintains it is not a party to the settlement agreement entered into between Air Namibia and Challenge Air in 2019, in respect of an arbitration award.

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